Swiggy beats revenue estimates, loss widens on quick commerce drag

Swiggy on Wednesday reported revenue and adjusted Ebitda ahead of Bloomberg estimates for Q3FY26, driven by strong growth in food delivery and continued momentum in quick commerce, though net losses widened as the company invested heavily in its Instamart business amid intensifying competition.

The company posted a consolidated net loss of Rs 1,065 crore, wider than the Bloomberg consensus estimate of Rs 1,000 crore, as quick commerce investments and competitive pressures offset profitability gains in its restaurant-facing businesses. The loss compared with Rs 799 crore a year earlier.